PUTM ACS Sustainable Index North American Equity Fund Class D GBP Accumulation

The Fund aims to provide a total return (a combination of capital growth and income), delivering an overall return in line with the [MSCI USA Select ESG Climate Solutions Target Index] (the “Index”), before management fees and expenses. The Fund aims to achieve this objective by investing at least 90% of the portfolio in equities and equity related securities of companies that are constituents of the Index in approximate proportion to their weightings in the Index. All securities in the Fund must be equity or equity related securities considered either large or midcap of the US and Canada markets. "Equity related securities" will include convertible stocks, stock exchange listed warrants, depository receipts, and any other such investments which entitle the holder to subscribe for or convert into the equity of the company and/or where the share price performance is, in the opinion of the Investment Manager, influenced significantly by the stock market performance of the company's ordinary shares. The Fund may also invest in other transferable securities, money-market instruments, deposits, cash and near cash and other collective investment schemes. Derivatives will be used for efficient portfolio management only. A minimum of 90% of the Fund is invested in components of the Index. The Fund will seek to physically replicate the Index. This process will involve investing in components of the Index, though not necessarily in the same proportions of the Index at all times. Consequently, the Fund may not track the Index exactly but will contain a meaningful exposure to the market. Stock index futures contracts may also be used to manage the cash portion of the Fund. It is intended that the Fund will normally be close to fully invested as outlined above. The Investment Manager may use various indexation or sampling techniques to achieve the objective of tracking the Index. In doing so the Investment Manager may use discretion in deciding which investments are to be included in the portfolio. The number of investments so included may vary. In accordance with the FCA Rules, the Investment Manager may at its discretion replace the current Index with such similar index as it may consider appropriate subject to regulatory approval. The index is based on the MSCI USA index (the “parent” index) and includes large and midcap securities in the North America equity markets. This index is constructed using an optimisation process which seeks to increase exposure to positive environmental, social and governance (ESG) factors including minimising the carbon exposure and increasing clean technology solutions exposure. You can buy and sell units on any working day in London. Recommendation: this Fund may not be appropriate for investors who plan to withdraw their money within 5 years. For full investment objectives and policy details please refer to the Prospectus.